Weekly Volatility Snapshot VOLATILITY S&P 500TVC:VIXsplitmyIVandmeltGood Evening -- Here we are again looking down the barrel of another week tracking the volatility within the broader markets! Let us begin -- Last week, the VIX was trending down as the S&P500 rotated upwards making it within 1.43% of highs, before selling off on war conflict news to end the week -- spiking the VIX again. We are now 114 days into the correction with uncertainty still being the only thing that is defined. However, it does seem that buyers are stepping in during these times of selling off. But, without lifting the uncertainty of trade deals and deadlines or negative news cycles, we could just be locking in a lower high and within another bear market phase. As we trend into the 2nd half of June, the SPX has an IV (16.18%) entering the week trending 72% to it's yearly range suggesting slightly expensive premium. This is up from 52% IVp last week. Now in comparison to what is happening, HV10 (9.94%) is showing a lower volatility range than stated IV by -6.24%. This can be important when considering a premium disadvantage with a consolidating VIX under already expensive premium. The 'strength of IV' here is 61% -- and in turn my weighted implied ranges for the week are $5,914.78 - $6,039.16. If there happens to be a volatility spike this week due to anything out of the blue, we will find our range expanded to long-term trending means of quarterly values, that being HV63 (30.39%). This would create a 'strength of IV' of 188% and a massive spike in the VIX -- respectfully these weighted implied ranges would be $5,786.82 - $6,161.12. As always, I hope you enjoy the weekly write up and have a great week of trading ranges! Know you ABCs and REMEMBER stay hedged people. Till next week, CHEERS.